Summary of the project

The project supported establishment of the institutional capacity of the Innovation Fund to manage financing for enterprise innovation and encouraged emergence of the knowledge based entrepreneurial sector in Serbia by providing initial financing for early stage development of innovative products and services, protection of intellectual property and commercialization activities.

Continued support from both national and international sources of financing for innovative startups, technology transfer, and high value added support for enterprises in business development , intellectual property management and commercialization is needed to further stimulate participation from private sector investors though venture capital and business angels and to encourage stronger collaboration activities between research organizations and institutions and industry.

Programme/Project objectives

Building institutional capacity of the Innovation Fund to stimulate innovation in enterprises;

Piloting financial instruments for technological development and innovation in enterprises ( Mini and Matching Grants);

Encouraging selected research and development institutes (RDI) to engage in technology transfer and commercialization, and assisting in formulating RDI sector reform policy.